It has been a busy month for WilTel Communications, formerly Williams Communications Group Inc. First the company emerged from bankruptcy, and now it has named a new chief executive. The telecommunications company has tapped Jeffrey Storey, the head of its fiber optic network, to serve as president and CEO. In his previous role as senior […]
ADC reaffirms guidance, sells photonic components biz
ADC said it is on target to meet its fourth-quarter forecast as it provided an update on its cost-cutting measures. The broadband network equipment and systems provider forecast last month that it expected a fourth-quarter pro forma loss of 7 cents to 9 cents a share, on revenue of roughly $200 million. During the quarter, […]
Strong growth in China’s broadband market predicted
Copyright 2002 M2 Communications Ltd. TELECOMWORLDWIRE…10/24/2002 From LexisNexis China’s broadband Internet audience will grow by nearly 500 percent during 2002, according to research and consulting firm Strategy Analytics. In a new research report, Strategy Analytics predicts that 2.9m Chinese households will subscribe to broadband Internet services by the end of 2002 and by 2008, some […]
Optinel completes field trial
Marking the end of its first major field trial, Optinel Systems says Adelphia Communications Corp. has wrapped the trial of its PLEXiS MFX transport system. The trial tested the long-distance optical transport of live digital video signals over Adelphia’s Northern Virginia ring. Optinel’s Functional Optical Multiplexer enables all-optical sharing of traffic among several sites, according […]
Comcast debuts HDTV in Washington metro area
Comcast Cable Communications Inc. is delivering on an earlier promise to deliver high-definition television to the Washington metro region. The HDTV service sports programming from local broadcasters, including WJLA (ABC), WUSA (CBS), WRC (NBC), WETA (PBS) as well as premium channels HBO and Showtime. Comcast has rolled out the service to digital cable subscribers in […]
Alpha makes Cable Center donation
Alpha Technologies Inc. is trying to give a little back to the industry through a $500,000 donation to The Cable Center. The company has donated the money to The Center’s Telecommunications Equipment Campaign. The Cable Center has a goal of raising $10 million to purchase audio and video equipment and other technological equipment. “We consider […]
Harmonic tumbles on revised outlook
Wall Street is frowning on Harmonic Inc.‘s stock, following a revised third-quarter outlook that will come in below previous expectations. The company expects to post Q3 sales of between $37 million and $39 million, citing a significant slowdown in orders from its domestic cable customers. Its Broadband Access Networks division, which manufacturers fiber optic products […]
Sonera turns to Cisco for broadband access
Finnish telecom service provider Sonera plans to power its Ethernet-based broadband service in Helsinki with Cisco Systems ‘ equipment. With Cisco’s help, Sonera will deliver high-speed Internet access via 10/100 Ethernet ports, enabling each user to have a reserved capacity of 256 kbps. For Cisco’s part, the gear maker will supply its Catalyst 2950 switches […]
JDS warning drags down its stock
JDS Uniphase stock price was teetering near its 52-week low during morning trading, following news that the fiber-optic gear maker cut its first-quarter forecast. Demand for optical networking gear continues to wane, forcing JDS to trim its first-quarter outlook. The company expects to record revenue in the range of $190 million to $200 million, down […]
Asset buy doubles IDT’s network capacity
Looking to get its hands on some more bandwidth, IDT Corp.‘s subsidiary IDT Telecom has snapped up certain Indefeasible Rights of Use and equipment from bankrupt Star Telecommunications. Star originally purchased the assets, which represent long-term capacity on U.S. nationwide fiber networks operated by Qwest and Broadwing, for $68 million in 1998. Although IDT did […]